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3910 Climbing Rose Court Missouri City, TX 77459

4 Beds 3 Baths 2,390 sqft Built 2008

$245,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $102.51
  • 2 Days on Market
  • MLS # : 92652955
  • Updated Date : 11/02/2020 at 10:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,390 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

GREAT PRICE, GREAT SCHOOLS and a GREAT LOCATION! Look no further! This never flooded home checks off all the boxes for today’s living. The beautiful hardwood floors & open concept will surely move this home to the top of your list! The 2-story entry & formal dining area will impress you from the moment you enter. The well-appointed kitchen opens into the breakfast and spacious family room w/gas fireplace – a totally awesome place to gather with friends & family. The 42-inch cabinets, high-level granite and large pantry as just a few of the incredible features in this kitchen. With the Owner’s retreat on the 1st floor, this is truly first floor living. Upstairs boasts a huge game room & 3 large bedrooms with access to the computer bar complete with built-ins & durable granite surfaces. With easy access in and out of neighborhood, this home is nestled in a small, pocket community and situated on a quiet Cul-de-sac lot. Call or Text to schedule your viewing today – THIS WON’T LAST LONG!

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MARKET HIGHLIGHTS

  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Houston metro's economy is worth $544.6 billion in Gross Metro Product and projected to grow to $580 billion in 2019 (USMayors.org, 2018)
  • Houston metro has 63.4% labor force participation rate higher than the national rate 62.8%. The participation rate is expected to grow to 63.6% in 2020 (USMayors.org, 2018)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Steep Bank Village East

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k333k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Steep Bank Village East

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Sienna Crossing Elementary School Primary Regular 947 58 10
Baines Middle School Middle Regular 1,585 80 7
Ridge Point High School High Regular 2,102 108 8

Sienna Crossing Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 58
10
GreatSchools Rating

Baines Middle School

  • Education Level: Middle
  • # of students: 1,585
  • # of teachers: 80
7
GreatSchools Rating

Ridge Point High School

  • Education Level: High
  • # of students: 2,102
  • # of teachers: 108
8
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$904
Property Tax -$609
Property Insurance -$165
HOA -$102
Property Management Fees -$99
CASH FLOW
$100

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$245,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,295

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,980

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8504$1,9805$2,000
$2,000
RENT COMPS ANALYSIS
  • 3910 Climbing Rose Court Missouri City, TX 4
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.83
    •  
  • 3918 E Auden Circle Missouri City, TX 1
    • 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2006
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 3906 Climbing Rose Court Missouri City, TX 2
    • 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 2007
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 10311 Dell Court Missouri City, TX 3
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2002
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 4011 Chestnut Bend Missouri City, TX 5
    • 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Darren Upp
1.713.206.1875
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 92652955
Last Updated: 11/02/2020
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